According to the Monetarists, average inflation is higher today than it was a hundred years ago because of
a. the lack of fiscal responsibility.
b. the increased use of stabilization policy.
c. high interest rates, which increase the cost of borrowing.
d. unstable investment demand.
e. unstable money demand.
B
You might also like to view...
Using the data in the table above, if the price of a stapler is $5, then there is ________ of staplers, and the quantity of staplers demanded ________ the quantity of staplers supplied
A) a shortage; is greater than B) a surplus; is less than C) a shortage; is less than D) a surplus; is greater than E) neither a surplus nor a shortage; equals
Which of the following, in order, describes the three steps of the demographic transition?
A. Low birthrates and death rates; high birthrates and low death rates; high birthrates and death rates. B. High birthrates and death rates; low birthrates and high death rates; low birthrates and death rates. C. High birthrates and low death rates; high birthrates and death rates; low birthrates and death rates. D. High birthrates and death rates; high birthrates and low death rates; low birthrates and death rates.